SB229 Alabama 2017 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Trip Pittman
Republican
Session: Regular Session 2017
Title: Neighborhood Infrastructure Authorities, municipalities, assessments for neighborhood infrastructure revitalization projects, income tax credits, expiration date deleted, Secs. 11-71-11, 11-71-12 am'd.
Summary: SB229 would delete the expiration date for new neighborhood infrastructure income tax credits and extend the program, keeping a 10% credit up to $1,000 per year for up to 10 years.
What This Bill Does
It preserves the income tax credit for homeowners and businesses assessed by Neighborhood Infrastructure Authorities, at 10% of the assessment amount up to $1,000 per tax year for up to 10 years. The bill removes the expiration date for new credits, effectively allowing credits to continue beyond 2015 and into future tax years (starting with 2017). It does not change the rule that Neighborhood Infrastructure Authorities automatically expire in 2015 unless the Legislature extends them; existing authorities may continue until their projects are finished.

Who It Affects
Homeowners and business owners who pay assessments to Neighborhood Infrastructure Authorities would be eligible for a 10% tax credit up to $1,000 per tax year for up to 10 years.
Municipalities that create or manage Neighborhood Infrastructure Authorities would continue to administer assessments and benefit from the ongoing tax credit program to support neighborhood revitalization projects.

Key Provisions
Amends Section 11-71-11 to provide a 10% income tax credit of the assessment paid, up to $1,000 per tax year, for up to 10 successive tax years, applying to 2012–2015 and again starting in 2017.
Deletes the expiration date for new credits, extending the tax credits and the law unless the Legislature acts to repeal.
Amends Section 11-71-12 to keep automatic expiration of Neighborhood Infrastructure Authorities at December 31, 2015 unless extended by the Legislature, with existing authorities continuing until their projects are completed.
Effective date: the act becomes effective immediately after the Governor signs it.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Neighborhood Infrastructure Authorities